Yates Kristin L 4
4 · HNI CORP · Filed Aug 12, 2020
Insider Transaction Report
Form 4
HNI CORPHNI
Yates Kristin L
President, Allsteel Inc.
Transactions
- Tax Payment
Common Stock
2020-08-10$30.96/sh−705$21,827→ 10,844.311 total - Exercise/Conversion
Restricted Stock Units
2020-08-10−2,322→ 0 totalExercise: $0.00From: 2020-08-07→ Common Stock (2,322 underlying) - Exercise/Conversion
Common Stock
2020-08-10+2,322→ 11,519.314 total
Footnotes (5)
- [F1]Represents the conversion upon vesting of Restricted Stock Units into Common Stock. On August 7, 2018, the reporting person was granted 4,645 Restricted Stock Units ("2018 Grant") that were previously reported on Table II of Form 3, which form was filed with the SEC on July 10, 2019. The first installment of the Restricted Stock Units vested on August 7, 2019, and were reported on Table I on August 9, 2019. The remainder vested on August 7, 2020, which are being reported now in this Table I.
- [F2]The reporting person is reporting the withholding by the Issuer of an aggregate of 705 shares of Common Stock that vested on August 7, 2020 pursuant to the 2018 Grant, but were not issued in order to satisfy the reporting person's tax withholding obligations in connection with the delivery of the converted Common Stock to the reporting person as of August 7, 2020.
- [F3]The total in column 5 includes reinvested dividends of 29.997 shares.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- [F5]On August 7, 2018, the reporting person was granted 4,645 Restricted Stock Units, vesting in equal installments on each of the first two anniversaries of the grant date of the 2018 Grant. The first installment converted on August 7, 2019, and was reported on Table I on August 9, 2019. The second installment into which such vested Restricted Units converted on August 7, 2020, is reported on Table I of this Form 4. The 2018 Grant is now completely vested and converted.